Bangladesh's efforts to deepen financial inclusion took a step forward yesterday as Bank Asia launched the country's first-ever complete banking services on the premises of a garment factory.

Ownership of a number of banks by a few individuals and families has contributed to the deterioration of corporate governance in the banking industry and erosion of competitiveness of local lenders, a study said.

The potential of small and medium enterprises is yet to be fully utilised in Bangladesh although they have the ability to create numerous jobs and increase contribution to the gross domestic product, a study finds.

Eastern Bank Limited (EBL) has recently received two global awards from International Finance Corporation (lFC) of World Bank Group.

In a shocking revelation, the head of the Federal Investigation Agency’s (FIA) cybercrime wing says data from "almost all" Pakistani banks was looted in a recent security breach.

British and German banks suffered the biggest potential financial hits in the latest round of "stress tests" released by EU regulators Friday, as risks such as Brexit and Italy's debts stalk Europe's economy.

Standard Chartered Bangladesh has recently appointed its country chief financial officer (CFO).

I am always at ease with the youths. I feel inspired whenever I get a chance to interact with them, be it in my class or in any programme.

Brac Bank has decided to go big with agent banking in a bid to get business by providing financial services to the unbanked.

Bangladesh should receive more attention than it gets as the country has been posting steady economic growth amidst various challenges and is set to grow even faster in the next decade, said a top banker of HSBC.

The government yesterday signed a $300 million loan agreement with World Bank to improve transparency and efficiency of its major cash transfer programmes for the poorest and vulnerable, including the elderly, widows and people with disabilities.

Standard Chartered wants to play a larger role in fostering the economic, financial and social development of Bangladesh by promoting trade and investment and helping local companies go global, said the group chairman of the British lender.

Premier Bank posted more than 15 percent growth in credit and deposit in the last one year, which helped the lender make a healthy profit.

The current ailments in the banking sector -- such as soaring non-performing loan, liquidity crisis, loan scams and forgery -- are due to lack of strong leadership, said a top official of the central bank.

AB Bank Managing Director Moshiur Rahman Chowdhury yesterday handed in his resignation 17 months into his three-year term at the helm of the first generation private commercial bank.

Commercial banks have to submit scores of reports on compliance -- on average 263 a year -- to the central bank, which a new paper says do not reflect the reality but raise costs for the lenders.

Kazi Towhidul Alam has recently been appointed as the additional managing director of Social Islami Bank Ltd (SIBL).

Bangladesh Bank yesterday asked banks' directors not to take decisions in the board meetings on topics not included in the agenda of the day.

Savers have started to flock back to savings instruments with net sales hitting a six-month high in July as bank deposit products continue to yield underwhelming returns.

HSBC Bangladesh yesterday recognised six exporters for their leadership in promoting the country and contributing to its sustainable growth.